Why is Jyoti falling/rising?

As of 22-Sep, Jyoti Ltd's stock price is currently at Rs 97.30, reflecting a decrease of Rs 2.75 or 2.75%. Today's performance indicates that the stock has underperformed its sector by 1.05%, with an intraday low of Rs 97, marking a decline of 3.05%. Over the past week, the stock has shown a modest increase of 0.52%, but it has significantly underperformed over the past month with a decline of 7.64%. While the company has reported positive results for the last three consecutive quarters, including a 67.69% growth in net sales and a 48.4% increase in PAT, it also faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.46% over the past week. Although Jyoti Ltd has outperformed the BSE500 over the last three years with a remarkable return of 549.97%, the current market sentiment is affected by the high percentage of pledged promoter shares (97.41%), which adds downward pressure in a falling market. Additionally, the significant drop in investor participation, with delivery volume falling by 71.42% against the five-day average, suggests a lack of confidence among investors, further contributing to the stock's decline.